IOWA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS (EIN 421296038) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

MARY BETH FAST

Phone

3199311833

Tax Period

2023-07-01 to 2024-06-30

IOWA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, founded in 1962, is a small nonprofit that reported $707K in total revenue in fiscal year 2023. Expenses of $645K left a modest 9% surplus.

Mission

THE IOWA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS (IASBO)'S PRIMARY PURPOSE IS EDUCATION. MEMBERS PARTICIPATE IN MULTIPLE EDUCATIONAL OPPORTUNITIES AND TRAINING REGARDING THE PROFESSIONAL EDUCATION DEVELOPMENT OF PUBLIC SCHOOL EMPLOYEES CONDUCTING ACTIVITIES IN THE FIELD OF PUBLIC SCHOOL ADMINISTRATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $667,406

Investment Income $31,506

Other Revenue $7,693

TOTAL REVENUE $706,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,327

Fundraising Expenses $0

Program Expenses $370,665

Other Expenses $396,247

TOTAL EXPENSES $644,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$706,605	$664,998	+0.1%
Expenses	$644,574	$572,326	+0.1%
Net Income	$62,031	$92,672	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF SWARTENTRUBER	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
SARA MEINDERS	PAST PRESIDENT	1.00	Director	$0	$0	$0
LISA DEMMER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN BERG	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA MORINE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SHEEDER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$706,605	$644,574	$911,256	$62,031
2023	$664,998	$572,326	$849,225	$92,672
2022	$495,064	$546,563	$756,554	$-51,499
2021	$511,926	$228,564	$808,053	$283,362
2020	$434,416	$512,637	$524,690	$-78,221
2019	$473,801	$427,684	$602,912	$46,117

IOWA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS